Structure, structure, structure. One of the most important lessons I learned in the Pro Trader Course was how important structure actually is. I won't go into all of that in this post but I wanted to show a brief update of a trade we looked at in the Live Room. I took this Gartley pattern last week and as I opened up my charts today I saw that trade was in the black by over 100pips. Unfortunately this means nothing because targets haven't been hit. Placing proper targets and stops are a crucial part to being a successful trader. Rather, I should say placing consistent targets and stops are. This is why structure is so important. Not only doesn't it help you get into potentially profitable trading opportunities, but it also helps us to predict where the market will (for better or for worse) telling us where to place good targets and stops. For those involved in this trade, I applaud you for hanging in there and hopefully we'll get our targets filled. See you guys Tuesday in the room.
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